Legal Question in Bankruptcy in California
Judgements against and bankruptcy
This question involves two parts.
One is from a somewhat complicated real estate deal that I believe I am out of. I maybe sued for some cost of damages or repair, but not for the value of the real estate.
Second, my personal credit debt is to the point that I may have to file bankruptcy or use other solutions such as consolidation.
My question is, if the judgement is rendered against me, will a bankruptcy clear this debt?
2 Answers from Attorneys
Re: Judgements against and bankruptcy
In general, judgments are dischargeable in bankruptcy so long as they are not based on fraud or other intentional torts. You really need to have an attorney evaluate your particular case to be sure it will be discharged, however.
Re: Judgements against and bankruptcy
Unless the debt is non-dischargeable (fraud, child support, etc.), the judgment or potential judgment would be covered by the bankruptcy--make sure the people potentially sueing you receive notice of the bankruptcy, and review the debts/potential debts with an attorney to make sure they're dischargeable.
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